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17 January 2024Insurance

Nat cats deliver $123bn in 2023 insured losses; US severe storms dominate

Natural disasters delivered $123 billion in insured losses in 2023, making the $100 billion mark a new normal, but crossing the threshold for the first time without a single major event above $10 billion as secondary perils took over, analysts at global reinsurance brokerage Gallagher Re have claimed.

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